1 month on rocket

24-26 Merchants Ave, Norwich, CT, 06380

$589,000

Home List Price

$6,994*

Closing Credit

8 Bedrooms
5 Full Baths
3,768 SqFt
$156/SqFt
Multi

Location

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24-26 Merchants Ave, Norwich$589,000

Buyer Closing Credits

$6,994*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached Garage
Garage2 spaces
Year Built1880
HeatingBaseboard, Gas, Other
CoolingNone
MLS #24046331
Lot Size0.86 Acres
StatusActive

About 24-26 Merchants Ave

This five unit multi-family property presents an excellent investment opportunity with a total of eight bedrooms across the units. It is well maintained and updated. Three units have washer and dryer hookups, and the rents are currently below market value. The property has the potential to generate an annual income of $80,000 or more. Additionally, there is a detached garage in the back that provides an opportunity for extra rental income. Private parking spaces in the back of the building as well as plenty of street parking available. Fully rented, 48 hour notice to view the units.

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 3,768 SqFt

Listing Office:

  • Office Name: RE/MAX ONE
  • Office Phone: (860) 444-7362
  • Listing Agent: Krystal Davis

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.86 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Gas, Other
  • Cooling: None

School Info

Assigned Schools Information:

  • Kelly Middle School, Public District Grades 6-8
  • Wequonnoc School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take Harland Rd down to Merchants Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $589,000
  • Price Per SqFt: $156/SqFt
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Housing Market Comparison

See how this home compares to others in Norwich, CT.

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Norwich, CT

City

Med. Sold Price

$252K

Med. Price/SqFt

$174

# of Sold Homes

51

24-26 Merchants Ave vs Norwich

53 DAYS ON ROCKET

$589,000

+$337K More

$156/SqFt

-$18 Less

KEY TAKEAWAY

This property is $337K more than the Median Sold Price and $18/SqFt less than other homes in Norwich, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24046331

Listing Office:

  • Office Name: RE/MAX ONE
  • Office Phone: (860) 444-7362
  • Listing Agent: Krystal Davis

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,007

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,832

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1770614
3
/10

  • Wequonnoc School

  • 155 Providence St

  • 0.59 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1770615
3
/10

  • Kelly Middle School

  • 25 Mahan Dr

  • 1.18 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,301. Typical income of Norwich, CT residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›Norwich›06380›24-26 Merchants Ave

This home is located at 24-26 Merchants Ave in Norwich, CT and zip code 06380. This 3,768 square foot home, which was built in 1880, sits on a 0.86 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $589,000.

In October 2024, from all listings sold in Norwich, CT there were more than 27 sold above asking price, over 16 sold below and more than 8 were sold right at the asked price. Between September 2024 and October 2024, Norwich, CT real estate market has seen increase in the number of listings by 3.1%.

From Rocket Homes Real Estate and based on county public records data.

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